The New York Times Co has threatened to shut The Boston Globe unless the newspaper's unions agree to $20 million in concessions, the Globe reported on Friday, quoting union leaders.Heartless capitalistic bastards. The next anti-Wal Mart screed on the opinion pages of the NYT will no doubt be carefully crafted with a healthy dose of nuance.
The union officials said executives from Globe and the Times, which owns the Boston newspaper, made the demands on Thursday morning in a meeting with leaders of the newspaper's 13 unions, the Globe reported.
"Management told union leaders Thursday that the Globe will lose $85 million in 2009, unless serious cutbacks are made, according to a Globe employee briefed on the discussions," the Globe report said. That compares with an estimated $50 million loss last year, the newspaper quoted the employee as saying.
With the Guardian using tax havens and the New York Times now attempting to bust unions, who knows what is next for our betters in the client media.